Updated over 8 years ago on . Most recent reply
Figuring out if you have a great deal
Uzoma here. Just getting started. Interested in using a buy and hold strategy for multifamily units.
I am having difficulty finding anything in DC in good neighborhoods that meets the 1% test (monthly rent should be at least 1% of sales price). I have been advised to either come up with a new method of evaluating deals or invest in a less affluent area.
I don't want to change my target area. Any thoughts on a more flexible way evaluate deals that still leaves me in the black? Thanks.